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I'm not entirely sure what you're suggesting. There isn't a middle ground between a market economy and planned economy. In a market economy, a corporation's tax
by Aunche 6y ago
I'm not entirely sure what you're suggesting. There isn't a middle ground between a market economy and planned economy. In a market economy, a corporation's tax-reduction lawyer is always going to make more money than a nurse. You can reduce this disparity by reforming the tax system. However, the problem is that it's not politically advantageous to do so, so nobody does it.
> There's only so much arable land, so people couldn't do this.
Rather than invest in stocks, people would buy a small patch of land to grow their own food. This would not be an efficient allocation of capital.
> There's only so much food people need to eat. Producing more than that isn't contributing value; in this case, markets approximate that reasonably well
What makes nursing any different in this regard? There certainly is a healthcare distribution problem in the US, but it's not because nurses are being paid too little. Nurses in America make the same, if not more, than nurses in the rest of the world.